To be considered a PGP applicant for the Class of 2021, you will need to
have the following:
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Academics
3-4 years Bachelor’s or Undergraduate Degree in any discipline from a recognized
institution.
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Work Experience
While work experience is preferred, students fresh out of their undergraduate studies
may also apply.
Read more
about waiver
assignment
Competitive Exam
Applicants need to have a valid GMAT, GRE, CAT or NMAT score. The admission panel may
consider waiving it off under exceptional
circumstances.
Read more about waiver
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English Language requirement (if applicable)
TOEFL / IELTS / PTE score (only if the language of instruction at undergraduate study
level is
not English).
check Up to 2 Recommendations from any of the
following:
Direct managers
Teachers or Professors (undergrad level and above)
Mentors
VCs or Angel Investors
Customers or Partners
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2 Essays in response to the following questions (300-500 words each):
If you had $100 Million to acquire a company, which one would you acquire
and why?
Tell us about one experience or incident that fundamentally changed your
life. You
can also choose to submit the essays in the form of videos (2-minute-long
each).
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Supplementary information
We would love to get to know you better, so if there is anything else that
you think
the admissions committee should know about, feel free to share it in the
form
of a portfolio, essay or video.
Masters’ Union offers several need-based and merit-based scholarships, to ensure that we
cater to a diverse pool of deserving
candidates. Each scholarship category has a specific eligibility criterion, which the
candidate
must meet, and will be verified when the admission offer is made. You can read more
about
the various scholarship opportunities here.
If shortlisted, you will be invited for an in-person interview, which will help us get
to know you better, and let you understand
all aspects of the Masters’ Union PGP-TBM. The interview panel will consist of our
eminent
Masters from academia and the industry, as well as members of the core team. The
interviews
will be held in Delhi, Mumbai & Bangalore, and over Skype in exceptional cases.
As a part of the interview process, you will also be given a case study to solve.
This exercise
will not require any prior or specific knowledge, and is meant to help us get insight
into
your unique thought process and problem-solving approach. The interview process is
structured
to evaluate the candidates for their communication skills, the ability to learn and
unlearn,
curiosity and professional focus.
Once the Admissions Office receives feedback from the panel, your application will be
re-evaluated, and then presented to
the Admissions Committee, which makes the final decision for each candidate.
You will be advised on the final decision on your application through an email. The
entire
admissions process (from the Application Deadline) will take up to 4 weeks.
Q. Does Masters' Union have a cut-off for GMAT, GRE, CAT and NMAT?
Ideally, we prefer the applicants to have taken the standardized MBA tests. However, in wake
of the
COVID-19 situation, the test requirement has been waived off for the current intake. Since
we
follow a holistic evaluation methodology, we do not have specific overall cut-offs for
application.
Neither do we have sectional cutoffs but look at the overall score, AWA, IR, etc. as the
case
might be. .
Q. Are all candidates interviewed?
Based on the merits of the application, we invite shortlisted candidates only for a panel
interview
and a case analysis.
Ideally, we prefer the applicants to
have taken the standardized MBA tests. However,
in wake of the COVID-19 situation, the test requirement has been waived off for
the
current intake. Since we follow a holistic evaluation methodology, we do not
have
specific overall cut-offs for application. Neither do we have sectional cutoffs
but
look at overall score, AWA, IR etc. as the case might be.
Based on the merits of the
application, we invite shortlisted candidates only for a panel
interview and a case analysis.
You do not need work experience
necessarily, to be admitted. Work experience obtained
after graduation is preferred, however, applicants in the final year of
graduation
who demonstrate maturity and leadership through their personal experiences are
encouraged
to apply.
There is no age limit for entry.
However, the program is most suitable for those who
are at an early stage in their career with an experience range of zero to five
years.
If you have more work experience, we encourage you to get in touch with the
admissions
team for consultation with one of our Masters, who will evaluate your profile
and
advise you accordingly.
As a candidate with less than 2 years
of experience, you will not compete for jobs with
senior folks. Companies offer jobs relevant to different experience bands, and
you,
at best, compete in a narrow experience band of, say, 0-2 yrs, 3-5 yrs, 5-8 yrs,
8+ years and so on. An organisation may offer different roles based on your
skills
and past experience.
We value diversity at every level. We
welcome applications from people with a variety
of professional and academic backgrounds, including the arts, law, medicine,
military,
non-profit, etc. As with all candidates, we will be looking for you to
demonstrate
your potential as a leader, and we will consider your professional experience
and
past performance when assessing your application.
There is no typical profile at the
Union. We have an extremely diverse student body in
terms of age, professional experience, education and culture.
Yes. While the vast majority of our
participants have undergraduate and/or advanced degrees,
this is not compulsory for admission. Candidates who do not hold an
undergraduate
degree, but who have an excellent career record and GMAT score are also welcome
to
apply.
Union does not have a minimum GPA
requirement as the GPA system is not a globally used
grading methodology. We primarily look at the courses taken and the grades
received
in each course, in addition to the overall academic performance.
Unsuccessful applicants may reapply
for the next intake. Please exercise your own judgement
in deciding if you have any significant changes in your new profile since your
first
application that will make a difference with the Admissions Committee. All
re-applicants
are requested to submit a new online application unless otherwise indicated.
In the large majority of cases, no.
You should apply for the intake in which you intend
to enrol. In truly exceptional circumstances, the Admissions Committee may grant
a deferral. All requests should be made in writing and will be reviewed on a
case
-to- case basis.
To be included in a specific round,
applications must be completed and submitted by midnight
IST on the day of the deadline. A complete application includes the online form,
valid test scores, English test scores (if applicable), all supporting
documents,
letters of recommendation, essays and payment of the application fees. For more
details
please visit Supporting Documentation, under Application Checklist.
Each round is equally competitive as
the ratio of acceptance is the same for all rounds.
When choosing a round in which to apply, the most important consideration is to
dedicate
enough time and thought to your application so that it accurately represents
your
strengths and talents. However, we encourage you to apply to Round 1 if
scholarships
are a priority.
If you are a non-native English speaker,
you may need to submit certification of your English proficiency.
We accept TOEFL, TOEIC, IELTS,
Pearson Test of English (PTE) Academic, and the Certificate
of Proficiency in English test. For Masters' Union purposes, scores are valid
for
two years.
You can also demonstrate fluency in
English with a university degree (a minimum of one
full-time academic year with a diploma received from that host university) where
all courses were taught exclusively in English. If your university degree was
exclusively
taught in English but in a non-English speaking country, please make sure that
your
transcripts clearly mention that the language of instruction is English to
complete
your application.
GMAT and GRE scores are valid for 5
years prior to the application deadline, while the
CAT and NMAT scores are valid for one year. English language certifications are
valid
for 2 years prior to the application deadline.
If the applicant misses both the rounds of a particular intake, the application
form and its entire contents will expire.
At this point, the applicant will be required to complete a new application from
scratch, for the next intake.
To be included in a specific round,
applications must be completed and submitted by 23:59pm
Indian Time on the day of the deadline. A complete application includes the
online
application to which supporting documents have been attached.
Please note that your reference(s)
can send in their letter(s) of recommendation by the
stated deadline or before you submit your application. Without their letter(s)
of
recommendation, the application will be considered incomplete, and will not be
eligible
for that particular round.
An application will only be evaluated
once it is complete. If it is completed after the
deadline, it will be reviewed for the next round or (in the case of last round
applicants)
the following intake.
Due to the large number of
applications we receive for each intake, and the confidentiality
of the deliberations of the Admissions Committee, we are unable to provide
detailed
individual feedback on unsuccessful applications.
Language Requirements
Policy
If you are a non-native English speaker, you may need to submitLearn more
Test Score Validity
Policy
GMAT and GRE scores are valid for 5 years prior to the application deadlineLearn more
Application Submission
Policy
If the applicant misses all three rounds of a particular intake, the application
Learn more
Feedback
Policy
Due to the large number of applications we receive for each intake and theLearn more
A 12% discount on the balance fees (excluding the deposit and admission fee) shall be applicable
upon payment of the entire amount upfront, before 31st of July, 2020.
The Masters’ Union School of Business (MUSB) reserves the right to accept delayed payment for up
to 10 days from the due date, with a late payment fee of INR 10,000/- plus taxes, on a
case-to-case basis. The decision of the authorized MUSB personnel shall be final in such cases.
Scholarships
We, at Masters’ Union, believe that financial constraints should not pose
any hindrance to someone’s
academic aspirations. We are keen to attract promising candidates to our founding class, so
that
they elevate the quality of the peer learning experience. We have upto 100%
* scholarships available for applicants with exceptional
profiles that fall in one of the
following categories:
Karthik Ramanna Merit-Based Scholarships
Masters' Union is keen to identify and extend financial support to candidates
with exceptional academic records and professional
accomplishments. Our merit-based scholarships are need-blind and offer full and
partial
waivers of the tuition fee, as decided by the selection panel.
Malavika R Harita Scholarship for Women
Masters' Union will extend a scholarship to deserving female candidates with
impressive academic and/or professional track
record, along with the drive and potential to emerge as an industry leader.
Mukund Rajan India-Bound Scholarship
This scholarship is directed at Indian-origin candidates (i.e. PIO card-holders)
who wish to engage with the Indian corporate
sector, as well as Indian professionals, currently based abroad, who wish to
return
to India in pursuit of a world-class education, that may help catapult their
careers
to newer heights.
Narendra Jadhav Diversity Scholarship
This scholarship aims at the inclusion of exceptional candidates from
marginalised and underserved communities from the Indian
subcontinent, such as the Northeast, Ladakh, Bhutan, and the tribal belts of the
Indian hinterland.
MU Scholarship for Young Leaders
This scholarship aims to identify fresh graduates who have displayed exceptional
drive and leadership potential through active
participation in student-led committees, clubs and other initiatives while in
college.
MU Scholarship for Technology Leaders
This scholarship is for candidates who have demonstrated technology-oriented
leadership either as students or in their jobs,
through innovations, patents or research, and are looking to further their
career
prospects in the technology domain.
MU Scholarship for Entrepreneurs
This scholarship funds candidates who have had entrepreneurial experience, with
varying levels of success, and wish to gain
more skills and academic perspectives to carry on with their line of work.
MU ‘Emerging Leaders’ Scholarship
This scholarship is meant for candidates who participated in the 'Masters' Union
Emerging Leaders' competition.
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ISB and Corporate donors’ together
award up to 40 scholarships of INR 5 Lakhs
each to deserving candidates whose family income is not more than INR 12
Lakhs (including applicant’s pre-ISB income). Candidates have to submit
an
essay and proof of income to be eligible for the need-based waiver
check Number of scholarships: 10
check Eligibility
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check How to avail the scholarship
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ISB believes that diversity enriches the
learning experience both inside and outside
the Class. To encourage students with diverse profiles ISB gives
scholarships
of INR 5 Lakhs to up to 10 students.
Up to 3 scholarships of INR 5 Lakhs are
given to AIESECers. An essay needs to be
submitted for the same.
ISB offers up to 30 scholarships of varying
amounts to deserving international students.
This scholarship is given to Indian origin
students currently working abroad, who
plan to move back to India. INR 5 – 10 Lakhs scholarships are awarded to up
to
5 students. Eligible students would have to submit an essay for the same.
Income Share
Agreement
We do understand that the opportunity cost for pursuing PGP or
equivalent course for a professional
has to include the forgo of salary for that particular year. So to make it easier for
applicants
to bear fee expenses, Masters’ Union has come up with an income share agreement policy.
What is an Income share agreement?
According to the Income Share Agreement, applicants are
required to pay only 25% of the course fee
upfront and Within 6 months of completion of the course, if the candidate is earning an
annual
salary of 8 lakhs per annum or more, he/she will be entitled to pay 25% of their annual
income
to Masters’ Union for the next four years.
Note: can only opt for Income
share agreement till Round 2 of admission cycle for a particular intake
year.
Pay only 25% of your tuition fee until you land
a high-paying job
Monthly payments are based on student’s annual
income
Free from any obligation to make payments once
you have reached the max cap
or the payment schedule ends
Income share agreement is over if any of the following events happen
check
check
check
Number of ISA
per year
ISA is applicable only if you start making 10 lakhs per year
Applicant pays 25% of their income in monthly installments
Applicant will never have to pay more than 21 lakhs no matter how high their salary
is
ISA expires after 7 years
of graduation
You can choose to pay tuition fee of 18.95 l upfront
If Applicant has to stop working
for whatever reason, ISA pauses.
FAQs
While filling the online
application form, Under the scholarships section,
you can opt for ISA and attach relevant documents required for the
same.
You’ll be notified about the decision at the time of final decision
about
your admission.
Your repayment starts
after one month of joining your job.
ISA is a legally binding
contract between the applicant and Masters’ Union.
It requires the applicant to furnish their Income Tax Return
documents
and other income proofs to Masters’ Union.
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Yes, as Masters’ Union is
going to invest hugely on applicant’s learning,
we will need a security deposit from your end. For this purpose, you
will have to deposit a Bank Account Cheque of Rs 2,50,000 to
Masters’
Union. This cheque will be returned to you after the agreement
period.
We will have the right to use this cheque in case of any breach of
agreement
from your end.
Calculate Your ISA
Estimate your payments
Rs. 0/-Rs. 30,00,000/-
If your salary is
You will pay
Total
External Funding
The following financial institutions can provide loans for up to 95% of
the programme fees to
the admitted students.
Candidates who do not have any full-time work experience, but present interesting professional
credentials
gained through high-stake internships, entrepreneurial ventures or extensive volunteer work are
welcome
to apply. This includes those in the final year/semester of their undergrad studies, provided
they
complete all their academic obligations before 1st August 2020.
